Marijuana Company of America, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 15, 2020 at 02:13 am IST
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Marijuana Company of America, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 82,958 compared to USD 208,580 a year ago. Operating loss was USD 875,235 compared to USD 1.299 million a year ago. Net loss was USD 186,819 compared to USD 419,624 a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago. For the half year, total revenue was USD 164,777 compared to USD 323,390 a year ago. Operating loss was USD 1.267 million compared to USD 2.213 million a year ago. Net loss was USD 2.305 million compared to USD 4.652 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.12 a year ago.
Marijuana Company of America, Inc. is an owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its wholly owned subsidiary cDistro, Inc., it offers CBD brands along with smoke and vape shop-related products to wholesalers, c-stores, specialty retailers, and consumers in North America. Through its wholly owned subsidiary HSmart, Inc., it develops and sells CBD products under the brand name hempSMART. Its hempSMART wellness products offerings include hempSMART Brain, hempSMART Pain, hempSMART Pain Cream, hempSMART Drops, hempSMART Pet Drops, hempSMART Face, and hempSMART Drink Mix. hempSMART Brain is a personal care consumer product encapsulated with enriched non-psychoactive industrial hemp derived CBD. hempSMART Pain Cream each container is formulated with 300mg of non-psychoactive CBD.
MARIJUANA COMPANY OF AMERICA, INC. 
